The Lincoln penny was introduced in 1959 and minted until 1982, when the rising price of copper dictated a change in its makeup. The penny's composition was changed from an alloy of 95% copper and 5% tin and zinc to 97.5% zinc and 2.5% copper.
The Federal Reserve destroys paper currency when: it is damaged or too worn to continue being circulated : the money supply needs to be decreased in order to change the federal reserve holding ratio. While the average life of a $1 bill is only about 18 months, older bills in good condition are not destroyed because of age alone. Or so I was old at the Kansas City Federal Reserve in the late 80's.
They do not destroy coins. In fact they don't even count them or judge their condition, value of bagged coins is determined by weight at the Federal Reserve.
The Secret Service has a few hundred thousand tacky jewelry shops to raid for cutting up Mercury dimes before they'll get to you.
On average the Federal Reserve shreds about $75 million worth of old bills. If you'd like some destroyed money, write them.
Chief
Office of Currency Standards
Department of the Treasury
Bureau of Engraving and Printing
P.O. Box 37048
Washington, D.C. 20013
If you want ramsinks, buy them or dig in your pockets.
